Monthly Archives: July 2024
Japan banks lead Nikkei higher following BOJ rate hike
Written on July 31, 2024 at 9:25 am, by anakin
Key points: Japan’s Nikkei share average rose on Wednesday, buoyed by banking stocks after the Bank of Japan (BOJ) raised interest rates for the second time since 2007. The Nikkei index was up 0.25% at 38,620.85 as of 0421 GMT, reversing earlier losses. The broader Topix index also turned positive, trading 0.37% higher. See: Nikkei225Continue Reading
Base metals prices see uptick due to softer dollar
Written on July 31, 2024 at 9:18 am, by anakin
Nonferrous metals prices experienced an uptick on Wednesday, bolstered by a weaker dollar. However, the overall monthly trend points to a decline due to subdued demand from China.
Australian dollar drops to 3-month low as market anticipates rate cuts
Written on July 31, 2024 at 8:51 am, by anakin
The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.
Emerging Asian currencies and stocks surge anticipating Fed decision
Written on July 31, 2024 at 8:43 am, by anakin
Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.
Dividend Adjustment Notice – July 31,2024
Written on July 31, 2024 at 7:15 am, by anakin
Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading
Athletes are eyeing gold at the Paris 2024 Olympics. So should you.
Written on July 31, 2024 at 1:53 am, by anakin
Unlike any medals awarded since Athens 1896, LVMH’s Chaumet has taken up the challenge of combining these precious metals. They have brought the vision of modern Olympic medals to life, incorporating a small piece of Paris into each design.
Oil prices dip on China demand concerns and eased Middle East tensions
Written on July 30, 2024 at 8:56 am, by anakin
Oil prices fall as weak Chinese demand and reduced Middle East conflict concerns pressured the price of the black gold. Read more for the market outlook and forecast.
Rupee to decline alongside Asian currency weakness and central bank decisions
Written on July 30, 2024 at 8:41 am, by anakin
Indian rupee likely to maintain a depreciation bias as Asian currencies slip and focus shifts to central bank policy decisions.
Dividend Adjustment Notice – July 30,2024
Written on July 30, 2024 at 7:37 am, by anakin
Dear Client, Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume ”. Please refer to the table below for moreContinue Reading
Gold remains sluggish as Fed meeting approaches
Written on July 30, 2024 at 3:36 am, by anakin
Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. U.S. gold futures were little changed at $2,377.30.
